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Agree Realty Company Profile (NYSE:ADC)

Consensus Ratings for Agree Realty (NYSE:ADC) (?)
Ratings Breakdown: 5 Buy Rating(s)
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $40.60 (13.04% downside)

Analysts' Ratings History for Agree Realty (NYSE:ADC)
Show:
DateFirmActionRatingPrice TargetActions
5/31/2016Jefferies GroupBoost Price TargetBuy$45.00 -> $47.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
5/6/2016WunderlichBoost Price TargetBuy$44.00 -> $45.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
1/7/2016Raymond JamesBoost Price TargetOutperform$35.00 -> $37.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
12/17/2015Janney Montgomery ScottInitiated CoverageBuy$38.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
10/28/2015Compass PointReiterated RatingBuy$34.00 -> $36.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
3/24/2015Robert W. BairdInitiated CoverageOutperform$37.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
1/27/2015Cowen and CompanyBoost Price TargetBuy$34.00 -> $38.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
7/31/2014BMO Capital MarketsLower Price Target$33.00 -> $32.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
(Data available from 6/28/2014 forward)
Earnings History for Agree Realty (NYSE:ADC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
7/25/2016        
4/25/2016Q116$0.61$0.61$20.15 million$20.20 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
3/3/2016Q4$0.60$0.60$19.15 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/26/2015Q315$0.61$0.60$18.08 million$16.70 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/27/2015Q215$0.60$0.62$16.90 million$16.10 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/27/2015Q414$0.57$0.57$15.64 million$15.70 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/23/2015Q314$0.58$0.58$14.20 million$13.48 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/27/2014Q3$0.56$0.55ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/29/2014Q214$0.55$0.55$12.80 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/28/2014Q114$0.53$0.49$12.12 million$11.50 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/24/2014Q4 13$0.55$0.56$12.15 million$11.70 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/28/2013Q313$0.55$0.55$11.24 million$11.60 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/29/2013Q213$0.51$0.51$10.56 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/29/2013Q113$0.50$0.49$10.05 million$10.25 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/27/2013Q412$0.51$0.52$9.27 million$9.58 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2011 forward)
Earnings Estimates for Agree Realty (NYSE:ADC)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.61$0.61$0.61
Q2 20161$0.61$0.61$0.61
Q3 20161$0.64$0.64$0.64
Q4 20161$0.66$0.66$0.66
(Data provided by Zacks Investment Research)
Current Dividend Information for Agree Realty (NYSE:ADC)
Annual Dividend:$1.92
Dividend Yield:4.11%
Payout Ratio:75.29%
Dividend Growth:4.60% (3 Year Average)

Dividend History for Agree Realty (NYSE:ADC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable DateShare
5/3/2016quarterly$0.484.79%6/28/20166/30/20167/15/2016Tweet This Announcement  Share This Announcement on StockTwits
3/2/2016quarterly$0.474.93%3/29/20163/31/20164/15/2016Tweet This Announcement  Share This Announcement on StockTwits
12/2/2015quarterly$0.475.56%12/18/201512/22/20151/5/2016Tweet This Announcement  Share This Announcement on StockTwits
9/16/2015quarterly$0.476.39%9/28/20159/30/201510/13/2015Tweet This Announcement  Share This Announcement on StockTwits
5/5/2015quarterly$0.476.09%6/26/20156/30/20157/14/2015Tweet This Announcement  Share This Announcement on StockTwits
3/6/2015quarterly$0.455.69%3/27/20153/31/20154/14/2015Tweet This Announcement  Share This Announcement on StockTwits
12/2/2014quarterly$0.455.82%12/19/201412/23/20141/6/2015Tweet This Announcement  Share This Announcement on StockTwits
9/9/2014quarterly$0.435.95%9/26/20149/30/201410/14/2014Tweet This Announcement  Share This Announcement on StockTwits
6/3/2014quarterly$0.435.7%6/26/20146/30/20147/8/2014Tweet This Announcement  Share This Announcement on StockTwits
3/4/2014quarterly$0.435.44%3/27/20143/31/20144/8/2014Tweet This Announcement  Share This Announcement on StockTwits
12/3/2013quarterly$0.415.77%12/18/201312/20/20131/3/2014Tweet This Announcement  Share This Announcement on StockTwits
9/11/2013quarterly$0.415.84%9/26/20139/30/201310/8/2013Tweet This Announcement  Share This Announcement on StockTwits
6/4/2013quarterly$0.415.16%6/26/20136/28/20137/9/2013Tweet This Announcement  Share This Announcement on StockTwits
3/5/2013quarterly$0.415.75%3/26/20133/29/20134/9/2013Tweet This Announcement  Share This Announcement on StockTwits
12/4/2012quarterly$0.4012/17/20121/2/2013Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2013 forward)
Insider Trading History for Agree Realty (NYSE:ADC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionActions
8/24/2015Joey AgreeCEOBuy8,400$28.96$243,264.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/24/2015Richard AgreeChairmanBuy15,000$28.78$431,700.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/24/2015William S. RubenfaerDirectorBuy4,000$28.86$115,440.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/26/2015Joey AgreeCEOBuy9,809$29.61$290,444.49View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/8/2015Richard AgreeChairmanBuy10,000$29.97$299,700.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/3/2015William S RubenfaerDirectorBuy2,000$30.15$60,300.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
12/4/2014Richard AgreeChairmanBuy25,000$29.67$741,750.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
12/4/2014William S RubenfaerDirectorBuy3,000$29.67$89,010.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/8/2014William RubenfaerDirectorBuy1,150$29.59$34,028.50View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/27/2014Laith HermizEVPSell3,305$30.25$99,976.25View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
12/20/2013William RubenfaerDirectorBuy2,000$28.16$56,320.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/21/2013John Rakolta, Jr.DirectorBuy20,000$29.80$596,000.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/27/2013John Rakolta JrDirectorBuy14,677$27.90$409,488.30View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/25/2013John Rakolta JrDirectorBuy10,894$27.89$303,833.66View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
1/15/2013John Rakolta JrDirectorBuy50,000$27.25$1,362,500.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
(Data available from 1/1/2013 forward)
Latest Headlines for Agree Realty (NYSE:ADC)
DateHeadline
06/22/16 02:16 PMAgree Realty Corp.
06/01/16 08:12 AMBRIEF-Agree Realty says announces $79.5 mln portfolio acquisition - * Closed on acquisition of a diversified portfolio of 11 high-quality retail net lease properties Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)
06/01/16 08:00 AMAGREE REALTY CORP Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Financial Statements and Ex -
06/01/16 07:53 AMAgree Realty Announces $79.5 Million Portfolio Acquisition - [at noodls] - 57d1fbae-e838-43fa-9f65-e5100d11b89b.pdf 70 E. Long Lake Rd. Bloomfield Hills, MI 48304 www.agreerealty.com FOR IMMEDIATE RELEASE AGREE REALTY ANNOUNCES $79.5 MILLION PORTFOLIO ACQUISITION Over 50% of ...
05/31/16 02:17 PMAgree Realty gets price target boost - Noting the company's boosted acquisition guidance from earlier this month and a $110M capital raise to help fund said guidance, Jefferies George Hoglund boosts his price target on Buy-rated Agree Realty (ADC-0.2%) to $47 from $45. The current price is $42.30.
05/27/16 12:13 PMEarnings Review and Stock Rundown for Agree Realty Corporation (NYSE:ADC) - Wall Street Hints and News - Earnings Review and Stock Rundown for Agree Realty Corporation (NYSE:ADC)Wall Street Hints and NewsInvestors and analysts will be paying close attention when the company posts earnings results. Earnings numbers can provide insight into a company's overall profitability. Covering equity analysts are expecting Agree Realty Corporation (NYSE:ADC) to ...and more »
05/26/16 11:19 AMStock on Upward Trend: Federal Realty Investment Trust (NYSE:FRT) - The share price of the company (NYSE:ADC) was up +1.28%, with a high of 41.92during the day and the volume of Agree Realty Corporation shares traded was 231574. Analysts who have weighed in on projected earnings growth are expecting that the company will ...
05/12/16 07:53 AMAgree Realty (ADC) Raises 2016 Acquisition Guidance -
05/11/16 02:40 PMAgree Realty Boosts Acquisition Guidance To $250-$275 Million - Agree Realty Corporation (NYSE: ADC) boosted its acquisition outlook to a fresh range of $250-$275 million of high-quality retail net lease properties for the current year 2016. According the company, the previous range was $175-$200 million for the same purposes. The company cited its outlook for acquisition ...Full story available on Benzinga.com
05/11/16 07:52 AMAgree Realty Corporation Announces Increased 2016 Acquisition Guidance Range of $250 Million to $275 Million - [at noodls] - af33b8a0-a7c4-4089-a697-932dc8bf11be.pdf 70 E. Long Lake Rd. Bloomfield Hills, MI 48304 www.agreerealty.com FOR IMMEDIATE RELEASE AGREE REALTY CORPORATION ANNOUNCES INCREASED 2016 ACQUISITION GUIDANCE ...
05/11/16 07:03 AMAGREE REALTY CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits -
05/10/16 03:18 PMAgree Realty Corporation Announces Exercise of Underwriters’ Overallotment Option and Subsequent Closing of Public Offering of Common Stock - [at noodls] - 6d8d1c8b-58e7-4da4-bbc4-c31f44d1b1af.pdf 70 E. Long Lake Rd. Bloomfield Hills, MI 48304 www.agreerealty.com FOR IMMEDIATE RELEASE AGREE REALTY CORPORATION ANNOUNCES EXERCISE OF UNDERWRITERS' OVERALLOTMENT ...
05/10/16 03:05 PMAgree Realty Corporation Announces Exercise Of Underwriters' Overallotment Option And Subsequent Closing Of Public Offering Of Common Stock - [PR Newswire] - BLOOMFIELD HILLS, Mich., May 10, 2016 /PRNewswire/ -- Agree Realty Corporation (ADC) (the "Company") today announced that it has completed its follow-on public offering of 2,875,000 shares of common stock, which includes the underwriters' full exercise of their option to purchase additional shares. Total net proceeds, after deducting the underwriting discount and offering expenses, are anticipated to be approximately $109.6 million. Raymond James, Jefferies and Wells Fargo Securities acted as joint book-running managers. Baird, Stifel and Janney Montgomery Scott served as senior co-managers, and BTIG, Capital One Securities, Ladenburg Thalmann and Wunderlich served as co-managers for the offering.
05/10/16 10:52 AMAgree Realty Corp. :ADC-US: Earnings Analysis: Q1, 2016 By the Numbers -
05/05/16 09:37 AMAgree Realty Upsize And Prices Its 2.5 Million Shares Public Offering - Agree Realty Corporation (NYSE: ADC) revealed that it upsized and priced an underwritten public offering of 2.5 million shares of its common stock. According to the company, the public issue would generate gross proceeds of approximately $99.4 million before deducting the underwriting discount and offering expenses payable by the Company. Agree Realty said the company has ...Full story available on Benzinga.com
05/05/16 07:31 AMAgree Realty Announces Upsizing And Pricing Of Common Stock Offering - [at noodls] - caf58ba2-a269-4954-9e87-9d4a1a230953.pdf 70 E. Long Lake Rd. Bloomfield Hills, MI 48304 www.agreerealty.com FOR IMMEDIATE RELEASE AGREE REALTY ANNOUNCES UPSIZING AND PRICING OF COMMON STOCK OFFERING Bloomfield ...
05/03/16 04:29 PMAGREE REALTY CORP Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Submission of -
03/01/16 03:23 PMAgree Realty declares $0.465 dividend -
02/11/16 03:27 PMAGREE REALTY CORP Files SEC form 8-K, Regulation FD Disclosure -
02/10/16 03:01 PMAgree Realty Announces Fourth Quarter 2015 Earnings Release Date And Conference Call Information - [PR Newswire] - BLOOMFIELD HILLS, Mich., Feb. 10, 2016 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) announced today that it will release its fourth quarter and full year 2015 operating results after the market ...
01/25/16 07:04 AMAgree Realty Corp. breached its 50 day moving average in a Bullish Manner : January 25, 2016 -
01/11/16 07:04 AMAgree Realty Corp. breached its 50 day moving average in a Bearish Manner : January 11, 2016 -
01/04/16 07:55 AMAgree Realty Corporation Announces Record 2015 Investment Activity And Provides 2016 Acquisition Guidance - [PR Newswire] - BLOOMFIELD HILLS, Mich., Jan. 4, 2016 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced a summary of their record investment activity in 2015 and provided ...
01/04/16 02:58 AMAgree Realty Announces Record 2015 Investment Activity - [at noodls] - 4969e125-6fb6-45e4-8ade-ec3f47e112f8.pdf FOR IMMEDIATE RELEASE CONTACT: Joey Agree Chief Executive Officer (248) 737-4190 AGREE REALTY CORPORATION ANNOUNCES RECORD 2015 INVESTMENT ACTIVITY AND PROVIDES ...
12/14/15 08:05 AMAgree Realty Announces Closing Of Common Equity Offering - [PR Newswire] - The Company currently owns and operates a portfolio of 268 properties, located in 41 states and containing approximately 4.9 million square feet of gross leasable space. The Company's common stock is listed on the New York Stock Exchange under the symbol "ADC". This press release contains forward-looking statements within the meaning of the federal securities laws, including statements about the terms and size of the offering and the intended use of proceeds from the offering, that represent the Company's expectations and projections for the future.
12/14/15 08:02 AMAgree Realty Announces Closing of Common Stock Equity Offering - [at noodls] - f950965a-e7ab-423f-93bf-19537acdc9a8.pdf FOR IMMEDIATE RELEASE CONTACT: Kenneth Howe Interim Chief Financial Officer and Secretary (248) 419-6326 AGREE REALTY ANNOUNCES CLOSING OF COMMON EQUITY OFFERING ...
12/11/15 03:25 PMAGREE REALTY CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits -
12/08/15 12:16 PMAGREE REALTY CORP Financials -
12/08/15 08:37 AMAgree Realty Announces Pricing for Common Stock Offering - [at noodls] - bda5c515-e84f-40e8-9beb-d23945abe953.pdf FOR IMMEDIATE RELEASE CONTACT: Kenneth Howe Interim Chief Financial Officer and Secretary (248) 419-6326 AGREE REALTY ANNOUNCES PRICING OF COMMON STOCK OFFERING ...
12/08/15 08:00 AMAgree Realty Announces Pricing Of Common Stock Offering - [PR Newswire] - BLOOMFIELD HILLS, Mich., Dec. 8, 2015 /PRNewswire/ -- Agree Realty Corporation (ADC) (the "Company") today announced that it has priced an underwritten public offering of 1,500,000 shares of common stock for expected gross proceeds of approximately $48.2 million before deducting the underwriting discount and offering expenses payable by the Company. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 225,000 shares of common stock. The Company intends to use the net proceeds of the offering to reduce amounts outstanding under its revolving credit facility, to fund property acquisitions and development activity, for working capital and for general corporate purposes. Raymond James, Citigroup and Jefferies acted as joint book-running managers.
12/07/15 03:33 PMAgree Realty Announces Common Stock Offering - [at noodls] - d16038f8-5261-4248-a930-d9dd34e56d9d.pdf FOR IMMEDIATE RELEASE CONTACT: Kenneth Howe Interim Chief Financial Officer and Secretary (248) 419-6326 AGREE REALTY ANNOUNCES COMMON STOCK OFFERING BLOOMFIELD ...
12/06/15 04:52 PM5 Minutes With... Agree Realty CEO Joey Agree -
12/01/15 03:25 PMAgree Realty Corporation Announces Fourth Quarter Dividends - [at noodls] - 4a72e5a7-24ec-4eb5-bb48-cc7c53bbee97.pdf FOR IMMEDIATE RELEASE CONTACT: Ken Howe (248) 419-6326 AGREE REALTY ANNOUNCES QUARTERLY CASH DIVIDEND BLOOMFIELD HILLS, MI (December 1, 2015) - Agree Realty Corporation ...
About Agree Realty

Agree Realty logoAgree Realty Corporation (Agree Realty) is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties. The Company operates through Agree Limited Partnership (the Operating Partnership), of which it is the sole general partner and in which Agree Realty holds an approximately 98.3% interest. The Company's portfolio consists of over 280 properties located in over 40 states and totaling approximately 5.2 million square feet of gross leasable area. Its portfolio includes over 275 net lease properties and over three community shopping centers. The Company's primary tenant is Walgreens Boot Alliance, Inc. (Walgreens), which operates a chain of drugstores in the United States. The Company's business objective is to generate consistent shareholder returns by investing in and actively managing a diversified portfolio of retail properties net leased to industry tenants.

Industry, Sector and Symbol:
  • Sector: Financial Services
  • Industry: Property Management
  • Sub-Industry: Retail REITs
  • Exchange: NYSE
  • Symbol: ADC
  • CUSIP: 00849210
Key Metrics:
  • Previous Close: $45.51
  • 50 Day Moving Average: $43.324
  • 200 Day Moving Average: $38.325
  • P/E Ratio: 22.016
  • P/E Growth: 0.820
  • Market Cap: $958.46M
  • Current Quarter EPS Consensus Estimate: $2.540 EPS
Additional Links:
Agree Realty (NYSE:ADC) Chart for Tuesday, June, 28, 2016


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